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August 2019 Real Estate Market Update for Saratoga County
saratoga county real estate market update for august 2019 by eli king

August 2019 Real Estate Market Update

by Zip Code for Saratoga County, NY

eli king digital marketing managerby Eli King Conklin for Roohan Realty | September 16, 2019 | LinkedIn

saratoga county real estate market update for august 2019 by eli king

*Report includes Single Family, 2 Family & Multi-Family properties that closed between August 1-31. Excludes commercial properties, rentals & new construction. Source: GLOBALMLS


County Snapshot*

August saw 281 property transactions (-4% YoY) with a median list price of $279,900 (-2% YoY), a median sale price of $274,900 (-4% YoY) and an average of 46 days on the market (31% increase YoY). The most popular # of bedrooms was three, and the most popular square footage bracket sold was 1,500-2,000 sqft.


Winners

The overall winners in Saratoga County last month were 12020/Ballston Spa, 12866/Saratoga Springs and 12803/South Glens Falls, each ranking as a top performing zip code in two of the four categories we track (detailed below).

12019/Ballston Lake may be an area to watch as there were 26% fewer listings available year-over-year, alongside slight positive improvements in median sale price and sale-to-list price ratio – possibly indicating more demand due to lack of inventory. Ballston Lake homes sold in August did, however, stay on the market longer than those sold during August of 2018.


Number of Listings Sold

The number of listings sold indicates the level of real estate activity in a given zip code. During the month of August, Clifton Park, Saratoga Springs and Ballston Spa had the most real estate transactions close. These cities were also the top three in June and July.

number listings sold saratoga county ny august 2019

Median Sale Price

The median sale price means that half of the homes sold were lower than that price, and half were higher. Homes in Rexford, Saratoga Springs and Greenfield had the highest median sale prices last month:

median sale price saratoga county ny august 2019

Days on Market

Days on Market (“DOM”) is a measure of how long a home takes to sell and helps indicate demand of an area. Homes sold in Stillwater, Edinburg and South Glens Falls had the fastest turnover last month:

average days on market saratoga county real estate update august 2019

Sale:List Price Ratio

The average sale to list price ratio is an indicator of whether homes in an area are selling above, at, or below their asking price. Scores above 100 mean homes sold above asking price; below 100 sold for less than list price. Homes in South Glens Falls, Ballston Lake and Ballston Spa sold closest to their asking price during the month of August:

sale to list price ratio saratoga county new york real estate update august 2019


Performance Breakdown by Zip Code

12019: Ballston Lake, Country Knolls, Charlton

Listings sold: 20 (-26% YoY)

Median sale price: $320,750 (+2% YoY)

Average # days on market: 40 (increased 43% YoY)

Sale-to-list price ratio: 98.19 / #2 of 20 (+1.07% YoY)

Featured 12019 listing:
20 miller road ballston lake ny 12019


12020: Ballston Spa, Malta

Listings sold: 35 (-15% YoY)

Median sale price: $255,000 (-1% YoY)

Average # days on market: 34 (increased 31% YoY)

Sale-to-list price ratio: 99.08 /#3 of 20 (+1.38% YoY)

Featured 12020 listing:

1214 goode road ballston spa ny 12020


12027: Burnt Hills

Listings sold: 3 (-63% YoY)

Median sale price: $265,000 (-26% YoY)

Average # days on market: 62 (increased 675% YoY)

Sale-to-list price ratio: 96.54 / #11 of 20 (-3.54% YoY)

Featured 12027 listing:

8 carriage run burnt hills ny 12027


12065: Clifton Park

Listings sold: 58 (-17% YoY)

Median sale price: $297,500 (+1% YoY)

Average # days on market: 33 (decreased 6% YoY)

Sale-to-list price ratio: 98.35 / #6 of 20 (-0.43% YoY)

Featured 12065 listing:

12 barkwood lane clifton park ny 12065


12822: Corinth

Listings sold: 7 (no change YoY)

Median sale price: $116,000 (-17% YoY)

Average # days on market: 26 (decreased 7% YoY)

Sale-to-list price ratio: 95.40 / #17 of 20 (+0.52% YoY)

Featured 12822 listing:

40 fuller road corinth ny 12822


12074: Galway

Listings sold: 3 (no change YoY)

Median sale price: $192,000 (-12% YoY)

Average # days on market: 20 (decreased 57% YoY)

Sale-to-list price ratio: 99.06 / #4 of 20 (+13.03% YoY)

Featured 12074 listing:

sacandaga road galway ny 12074


12831: Gansevoort, Wilton, Kings Station, Gurn Spring, Fortsville

Listings sold: 21 (+31% YoY)

Median sale price: $269,000 (+6% YoY)

Average # days on market: 62 (increased 158% YoY)

Sale-to-list price ratio: 98.00 / #7 of 20 (-1.03% YoY)

Featured 12831 listing:

50 Edie Road Wilton NY 12831


12833: Greenfield Center

Listings sold: 7 (+75% YoY)

Median sale price: $324,000 (+30% YoY)

Average # days on market: 65 (increased 141% YoY)

Sale-to-list price ratio:  96.53 / #12 of 20 (-2.80% YoY)

Featured 12833 listing:

4 lower meadow lane greenfield ny 12833


12835: Hadley

Listings sold: 6 (-40% YoY)

Median sale price: $183,500 (-22% YoY)

Average # days on market: 36 (decreased 67% YoY)

Sale-to-list price ratio: 96.47 / #13 of 20 (-1.13% YoY)

Featured 12835 listing:

Lot 52.3 south shore road hadley ny 12835


12118: Mechanicville, Maltaville

Listings sold: 17 (no change YoY)

Median sale price: $273,000 (-24% YoY)

Average # days on market: 54 (decreased 27% YoY)

Sale-to-list price ratio: 97.78 / #8 of 20 (-0.94% YoY)

Featured 12118 listing:523 south main street mechanicville ny 12118


12850: Middle Grove

Listings sold: 6 (+100% YoY)

Median sale price: $247,500 (-23% YoY)

Average # days on market: 111 (increased 217% YoY)

Sale-to-list price ratio: 96.34 / #14 of 20 (-0.73% YoY)

Featured 12850 listing:lake desolation road middle grove ny 12850


12859: Porter Corners

Listings sold: 3 (+50% YoY)

Sale price: $244,000 (-15% YoY)

# days on market: 40 (increased 11% YoY)

Sale-to-list price ratio: 97.50 / #10 of 20 (-2.84% YoY)

Featured 12859 listing:

301 bockes road porter corners ny 12859


12148: Rexford, Vischer Ferry

Listings sold: 10 (no change YoY)

Median sale price: $358,750 (+26% YoY)

Average # days on market: 26 (increased 4% YoY)

Sale-to-list price ratio: 97.68 / #9 of 20 (-2.25% YoY)

Featured 12148 listing:

288 riverview road rexford ny 12148


12863: Rock City Falls

Listings sold: 0

Median sale price: N/A

Average # days on market: N/A

Sale-to-list price ratio: N/A


12151: Round Lake, Ushers

Listings sold: 0

Median sale price: N/A

Average # days on market: N/A

Sale-to-list price ratio: N/A


12866: Saratoga Springs

Listings sold: 51 (+34% YoY)

Median sale price: $356,000 (+3% YoY)

Average # days on market: 59 (increased 55% YoY)

Sale-to-list price ratio: 95.54 / #16 of 20 (-1.13% YoY)

Featured 12866 listing:

28 stockholm road saratoga springs ny 12866


12871: Schuylerville

Listings sold: 8 (+167% YoY)

Median sale price: $166,000 (-43% YoY)

Average # days on market: 109 (increased 581% YoY)

Sale-to-list price ratio: 96.11 / #15 of 20 (-3.11% YoY)

Featured 12871 listing:

4 olde saratoga knolls lane schuylerville ny 12871


12803: South Glens Falls

Listings sold: 8 (-20% YoY)

Median sale price: $166,450 (-4% YoY)

Average # days on market: 14 (increased 56% YoY)

Sale-to-list price ratio: 99.99 / #1 of 20 (+1.10% YoY)


12170: Stillwater, Bemis Heights

Listings sold: 4 (-33% YoY)

Median sale price: $212,750 (+12% YoY)

Average # days on market: 8 (decreased 72% YoY)

Sale-to-list price ratio: 95.02 / #19 of 20 (-2.25% YoY)

Featured 12170 listing:

44 stratton lane stillwater ny 12170


12884: Victory Mills

Listings sold: 0

Median sale price: N/A

Average # days on market: N/A

Sale-to-list price ratio: N/A


12188: Waterford, Halfmoon, Crescent

Listings sold: 4 (-64% YoY)

Median sale price: $264,750  (+8% YoY)

Average # days on market: 34 (decreased 6% YoY)

Sale-to-list price ratio: 98.79 / #5 of 20 (-0.05% YoY)


12134: Edinburg, Northville

Listings sold: 3 (-67% YoY)

Median sale price: $152,500  (-34% YoY)

Average # days on market: 9 (decreased 80% YoY)

Sale-to-list price ratio: 95.02 / #18 of 20 (+0.59% YoY)

Featured 12134 listing:

1 military road northville ny 12134


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